Regulators

National Bank of Georgia (NBG)

The National Bank of Georgia NBG is the central bank of Georgia.

Forex Regulatory Tips

Note: Verified by staff, there is no regulation of foreign exchange transactions in this country.

Introduction

The National Bank of Georgia (NBG) is the central bank of Georgia. Its status is defined by the Georgian constitution. The main objective of the National Bank is to ensure price stability.
Georgia's first central bank was established in 1919. Existence in the current form of the National Bank of Georgia began in 1991.
According to the Georgian constitution, the National Bank is independent in its activities. Members of the Georgian legislature and executive body do not have the right to interfere in the activities of the National Bank. The National Bank of Georgia, as the national central bank, its principles of activity and guarantees of independence are stipulated in the Georgian Organic Law of the National Bank of Georgia.
The National Bank of Georgia implements monetary policy in accordance with the main directions of monetary and foreign exchange policy determined by the Georgian Parliament. It owns, retains and disposes of the country's international foreign exchange reserves. The National Bank of Georgia, through its supervisory and monetary instruments, fulfills the basic functions and objectives prescribed by law.
The Bank Negara supervises the financial sector to promote financial stability and transparency in the financial system and to protect the interests of consumers and investors in the industry. Through Georgia's Fiscal Inspectorate and public law legal entities, the National Bank takes measures to combat illicit income and terrorist financing. In addition, NBG is the government's banker and fiscal agent.
The NBG is responsible for the implementation and dissemination of statistics of the financial sector in accordance with international standards and methodologies, as well as for the efficient and proper functioning of the payment system. The Bank has the right to issue currency units as legal tender in Georgia, and has the right to circulate currency in the form of commemorative coins.
The National Bank of Georgia can provide banking services to foreign governments, foreign central banks and foreign monetary authorities, as well as to international organizations. The National Bank participates in the activities of international organizations promoting economic stability through international cooperation.
Mission: To promote long-term and stable growth of the national economy.
Vision
•Ensure the long-term and stable development of the national economy;
• Ensure price stability;
• Ensure stable and efficient functioning of the country's financial sector.

Regulatory Inquiries

Regulation of credit unions, microfinance institutions, remittance agencies, and currency exchange agencies:
https://www.nbg.gov.ge/index.php?m=529
List of Registered Currency Exchange Institutions:
https://www.nbg.gov.ge/uploads/finstability/nonbanks/2017/vgp/punqtebis_sia_08.05.2017.xlsx

Contact information

Address: National Bank of Georgia, 2 Sanapiro St. 0114 Tbilisi. Georgia
Tel: (995 32) 240 6120
Fax: (995 32) 240 6577
Hotline: (995 32) 240 6406
Email: [email protected]

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